DeFi Daily News
Sunday, May 18, 2025
Advertisement
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • Altcoins
    • DeFi-IRA
  • DeFi
    • NFT
    • Metaverse
    • Web 3
  • Finance
    • Business Finance
    • Personal Finance
  • Markets
    • Crypto Market
    • Stock Market
    • Analysis
  • Other News
    • World & US
    • Politics
    • Entertainment
    • Tech
    • Sports
    • Health
  • Videos
No Result
View All Result
DeFi Daily News
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • Altcoins
    • DeFi-IRA
  • DeFi
    • NFT
    • Metaverse
    • Web 3
  • Finance
    • Business Finance
    • Personal Finance
  • Markets
    • Crypto Market
    • Stock Market
    • Analysis
  • Other News
    • World & US
    • Politics
    • Entertainment
    • Tech
    • Sports
    • Health
  • Videos
No Result
View All Result
DeFi Daily News
No Result
View All Result
Home Cryptocurrency Ethereum

rewrite this title Ethereum Sentiment Hits 1-year Low, Analyst Foresees 30% Run

Rubmar Garcia by Rubmar Garcia
December 19, 2024
in Ethereum
0 0
0
rewrite this title Ethereum Sentiment Hits 1-year Low, Analyst Foresees 30% Run
0
SHARES
0
VIEWS
Share on FacebookShare on TwitterShare on Telegram
Listen to this article


rewrite this content using a minimum of 1000 words and keep HTML tags

Este artículo también está disponible en español.

Sentiment for Ethereum (ETH) has reached its lowest levels in a year as the second-largest crypto by market capitalization struggles to reclaim the $4,000 mark. Despite investors’ sentiment, some analysts suggest that the King of altcoins is about to kickstart its bullish run to new highs.

Related Reading

Ethereum Sentiment Drops To Yearly Low

According to crypto analyst Ali Martinez, Ethereum social sentiment has hit a one-year low amid its struggle to turn the $4,000 resistance into support. Per the post, this metric reached its most negative levels since December 18, 2023, when ETH was trading around $2,100-$2,200.

The analyst pointed out that this is a “classic bullish indicator,” noting that when sentiment hit “rock bottom” a year ago, ETH’s price rallied around 30% in the following weeks. The cryptocurrency climbed to the $2,700 mark by January 12, a key level in ETH’s rally to the March high of $4,093.

If Ethereum followed the same pattern, the cryptocurrency could see a jump to the $4,900-$5,000 price range in the next month, potentially turning the next big resistance level into support in the following two weeks.

Martinez explained that the crypto’s rally will resume once ETH clears the $4,100 resistance, a level not seen since December 2021. Once this level is recovered, “$6,000 will become a magnet.”

After breaking past the $4,000 mark this month, the second-largest crypto has struggled to turn this level into support. Its latest breakout attempt occurred at the start of the week when Bitcoin (BTC) surpassed its previous ATH.

While BTC traded above the $107,000 range, Ethereum surged to $4,100 but quickly retraced to $3,900 before seeing a correction to the $3,800 level. Despite the pullback, ETH still registers gains in the weekly and monthly timeframes, recording a 2.3% and 22.6% increase, respectively.

Will ETH Break Past $4,000 This Month?

Altcoin Sherpa highlighted that ETH is “roughly at the same spot that BTC was at around 70K,” adding that it hasn’t “materially broken this level for years.” In the last three years, ETH has been rejected from the $4,000 level several times but ran to its all-time high (ATH) when it was held in 2021.

If it were to mirror Bitcoin’s performance, the cryptocurrency could see a run to its $4,800 ATH before aiming for its first price discovery target of around $5,000. The analyst also noted that December and January are the “best times” for the Altcoin market’s performance.

Similarly, Benjamin Cowen previously highlighted that ETH’s pair against BTC is “still following a familiar pattern” where Ethereum historically finds “renewed strength” between December and January.

Related Reading

Nonetheless, Sherpa forecasted that the ETH/BTC pair would likely see one “final shakeout” before going “up for a few weeks/months.” To achieve this, the token must break past its recent 0.041 high.

Trader and analyst Skew warned that breaking past the $4,000 resistance will take “even more buying pressure” as this price has “some massive seller continuously topping up supply.” Lastly, he stated that holding the $3,800 level was key to continuing the rally.

As of this writing, ETH is trading at $3,874, a 2% decline in the daily timeframe.

Ethereum’s performance in the one-week chart. Source: ETHUSDT on TradingView

Featured Image from Unsplash.com, Chart from TradingView.com

and include conclusion section that’s entertaining to read. do not include the title. Add a hyperlink to this website [http://defi-daily.com] and label it “DeFi Daily News” for more trending news articles like this



Source link

Tags: 1YearAnalystEthereumForeseesHitsrewriteRunSentimenttitle
ShareTweetShare
Previous Post

rewrite this title with good SEO Bitcoin Plunges, Then Reclaims $100K Amid Fed Caution On Rate Cuts As Meme Coins Tumble

Next Post

rewrite this title What Are Central Bank Digital Currencies (CBDCs)? – Metaverseplanet.net

Next Post
rewrite this title What Are Central Bank Digital Currencies (CBDCs)? – Metaverseplanet.net

rewrite this title What Are Central Bank Digital Currencies (CBDCs)? - Metaverseplanet.net

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Search

No Result
View All Result
  • Trending
  • Comments
  • Latest
rewrite this title with good SEO Best Crypto Presales Tapping Into the Stablecoin Boom

rewrite this title with good SEO Best Crypto Presales Tapping Into the Stablecoin Boom

April 6, 2025
Setting Up OpBNB RPC Nodes: Step-by-Step Guide to Creating an opBNB Node for Free Using Moralis Web3 API

Setting Up OpBNB RPC Nodes: Step-by-Step Guide to Creating an opBNB Node for Free Using Moralis Web3 API

June 27, 2024
rewrite this title Gate Dubai Secures Full VARA VASP Licence for Crypto Exchange Services

rewrite this title Gate Dubai Secures Full VARA VASP Licence for Crypto Exchange Services

April 29, 2025
Mastering EMA Trading Strategy: Harnessing Momentum and Trends

Mastering EMA Trading Strategy: Harnessing Momentum and Trends

July 21, 2024
Forecasting Reserve Rights (RSR) Prices: 2024, 2025, 2026, 2027 Through 2030

Forecasting Reserve Rights (RSR) Prices: 2024, 2025, 2026, 2027 Through 2030

September 18, 2024
rewrite this title with good SEO What Bitcoin Indicators Predict For Q3 2025?

rewrite this title with good SEO What Bitcoin Indicators Predict For Q3 2025?

April 18, 2025
rewrite this title Arthur Breitman is betting on tokenized uranium, and it could be Tezos’ big comeback

rewrite this title Arthur Breitman is betting on tokenized uranium, and it could be Tezos’ big comeback

May 18, 2025
rewrite this title The Black Box Problem: Why AI Needs Proof, Not Promises – Decrypt

rewrite this title The Black Box Problem: Why AI Needs Proof, Not Promises – Decrypt

May 18, 2025
rewrite this title Still departs Lens to return to England – Soccer News

rewrite this title Still departs Lens to return to England – Soccer News

May 18, 2025
rewrite this title and make it good for SEONICE Ltd.: Undervalued SaaS With Growing AI Revenue (NASDAQ:NICE)

rewrite this title and make it good for SEONICE Ltd.: Undervalued SaaS With Growing AI Revenue (NASDAQ:NICE)

May 18, 2025
rewrite this title Falz TheBahdGuy Drops Viral Trick Shot Video And People Are Not Buying It | Celebrity Insider

rewrite this title Falz TheBahdGuy Drops Viral Trick Shot Video And People Are Not Buying It | Celebrity Insider

May 18, 2025
rewrite this title with good SEO Ethereum Price Struggles To Hold Above ,500 — Watch Out For This Support Level

rewrite this title with good SEO Ethereum Price Struggles To Hold Above $2,500 — Watch Out For This Support Level

May 18, 2025
DeFi Daily

Stay updated with DeFi Daily, your trusted source for the latest news, insights, and analysis in finance and cryptocurrency. Explore breaking news, expert analysis, market data, and educational resources to navigate the world of decentralized finance.

  • About Us
  • Blogs
  • DeFi-IRA | Learn More.
  • Advertise with Us
  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2024 Defi Daily.
Defi Daily is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • Altcoins
    • DeFi-IRA
  • DeFi
    • NFT
    • Metaverse
    • Web 3
  • Finance
    • Business Finance
    • Personal Finance
  • Markets
    • Crypto Market
    • Stock Market
    • Analysis
  • Other News
    • World & US
    • Politics
    • Entertainment
    • Tech
    • Sports
    • Health
  • Videos

Copyright © 2024 Defi Daily.
Defi Daily is not responsible for the content of external sites.